Oliver Luxxe Assets LLC Raises Position in Freeport-McMoRan Inc. $FCX

Oliver Luxxe Assets LLC increased its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 11.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 171,266 shares of the natural resource company’s stock after buying an additional 17,476 shares during the quarter. Freeport-McMoRan comprises 1.1% of Oliver Luxxe Assets LLC’s portfolio, making the stock its 29th largest position. Oliver Luxxe Assets LLC’s holdings in Freeport-McMoRan were worth $6,717,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Freeport-McMoRan by 89.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock worth $761,623,000 after acquiring an additional 8,292,873 shares during the period. Mizuho Markets Cayman LP acquired a new position in shares of Freeport-McMoRan during the second quarter worth $159,147,000. Crake Asset Management LLP boosted its stake in shares of Freeport-McMoRan by 60.6% in the second quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock valued at $412,808,000 after purchasing an additional 3,593,050 shares during the period. Voya Investment Management LLC boosted its stake in shares of Freeport-McMoRan by 289.0% in the third quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock valued at $150,781,000 after purchasing an additional 2,856,302 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Freeport-McMoRan by 205.0% during the 2nd quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock valued at $181,490,000 after purchasing an additional 2,813,845 shares in the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the sale, the chief accounting officer owned 38,761 shares in the company, valued at $1,847,349.26. This represents a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total value of $1,364,019.77. Following the completion of the transaction, the chief accounting officer owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FCX has been the topic of a number of recent analyst reports. Johnson Rice cut their price objective on shares of Freeport-McMoRan from $55.00 to $48.00 in a report on Monday, September 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Freeport-McMoRan in a report on Wednesday, October 8th. Sanford C. Bernstein lowered their price objective on Freeport-McMoRan from $48.50 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Wells Fargo & Company lifted their price objective on Freeport-McMoRan from $47.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, December 23rd. Finally, UBS Group increased their target price on Freeport-McMoRan from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Freeport-McMoRan presently has a consensus rating of “Buy” and an average target price of $51.73.

Freeport-McMoRan Trading Up 4.2%

Shares of NYSE FCX opened at $56.51 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.45 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $45.93 and its two-hundred day moving average price is $43.96. Freeport-McMoRan Inc. has a 52-week low of $27.66 and a 52-week high of $57.12. The stock has a market capitalization of $81.15 billion, a P/E ratio of 39.80, a PEG ratio of 0.85 and a beta of 1.45.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings results on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. The business had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.74 billion. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS. On average, analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is 21.13%.

Trending Headlines about Freeport-McMoRan

Here are the key news stories impacting Freeport-McMoRan this week:

• Positive Sentiment: Analyst upgrades and higher price targets from major banks (Scotiabank raised its target to $63; JPMorgan raised to $68) signal stronger analyst conviction and provide upside support for the stock. Scotiabank price target raised
• Positive Sentiment: Independent research and media pieces (Zacks, MSN/other outlets) highlight strong copper markets, supply tightness and robust demand as drivers for FCX’s growth outlook. Those narratives bolster investor enthusiasm for mining/copper exposure. Zacks: FCX is a strong growth stock
• Positive Sentiment: Options activity: notable call buying and heavy call-volume flows have been reported recently, consistent with bullish positioning by traders. Such flows can amplify short‑term upside. Call options activity reported
• Neutral Sentiment: Consensus broker ratings skew positive (overall “Buy”), reflecting broad analyst support but also setting expectations that could be sensitive to execution or commodity price moves. Consensus Buy from brokerages
• Negative Sentiment: Multiple law firms have filed or announced securities‑fraud class action suits and investor investigation notices against FCX (claims cover Feb 15, 2022–Sep 24, 2025). These filings create legal risk, potential defense costs and distraction that can weigh on sentiment. Levi & Korsinsky class action notice
• Negative Sentiment: Several plaintiff firms (Robbins Geller, Bragar Eagel & Squire, Faruqi & Faruqi, Kirby McInerney, Gross Law Firm, etc.) are soliciting lead‑plaintiff motions with a near‑term deadline (Jan. 12), increasing the probability of consolidated litigation and potential recovery claims. That timetable raises short‑term legal overhang. Robbins Geller / lead plaintiff deadline

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.